Resoluation for director in pvt. ltd

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This query is : Resolved

CA AMIT GANGWAL (Querist)
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15 October 2012 we have appointed three director in pvt ltd.and decided remuneration 9.00 lacs per annuam

first we want to know it is any problem to give that much remuneration

second if no, it is passed THROUGH SPECIAL RESOULATION OR BOARD RESOULATION

SAMPLE OF RESOULATION

URGENT

Ajay Mishra

Ajay Mishra (Expert)
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15 October 2012 Hi

In case of private limited company you are free to pay remuneration of any ratio, because the provision of Companies Act, 1956 will not apply to private limited company.

It will be govern by their articles.

It will be sufficient to pass board resolution for the same.

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